Ethanol??:

I am having a difficult time understanding the increased interest in bio-fuels, which in most cases is referring to ethanol. There has been a big rush to promote this as an alternative to gasoline the idea being that it burns cleaner and is a renewable resource. The problem is that it is very expensive to produce, does not produce and equal amount of power per gallon, is very corrosive to engine parts and in North America is generally made from corn which should be used for food.

I think it is interesting that the environmental movement is using Brazil as the poster child for this promotion. In Brazil more than half the vehicles run on ethanol which is produced from sugar grown in that country. The funny part is that the environmental lobby is at the same time shouting about the loss of Brazilian rain forests to agricultural use, where do they think the sugar is grown?

Is the North American consumer really willing to pay more for basic food so that they can feel better about running their SUV’s by switching to ethanol, I don’t think so. The only logical option in my mind is to look at other alternate power sources such as fuel cells or the complete redesign of the internal combustion engine. Consumers deciding to drive smaller more fuel efficient cars, I mean really do we all need an 8 passenger 4X4 to get to the mall and back, would make a big difference over the short term as well.

I missed the mark yesterday on Research in Motion (RIM-t) the earnings report was excellent and the guidance for the next quarter ids quite bullish. The announcement was delayed due to the inclusion of information that RIM is going through an internal review of their option granting policy regarding back dating.

Sound familiar, it seems that most technology companies are reviewing their option granting to see if they are in compliance with the law and that they are not in a position where they could be open to charges of fraud.

This is a joke if these companies are willing to manipulate the option price by back dating the pricing do you really think they will not manipulate the review process. Greed is a very powerful emotion and most of the management involved in these back dating schemes really believe they are entitled to the extra money and that the shareholders are not due an explanation of the process.

I suggest that anyone who buys shares in accompany that has a history of option price manipulation should not be surprised when information comes out completely out of the blue to blows the company up. Investors beware!

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